Zooe Forex broker review — Everything you need to know

Zooe is the company’s trade name and website, operated and owned by Zooe Global Ltd, a regulated Forex broker. The broker is new but is already licensed. It lacks some features that are crucial for brokers.

In this independent and unbiased review of Zooe FX broker, we will assess its safety, accounts, spreads, commissions, leverage, profit withdrawals, platforms, support, and more.

Zooe Overview of the website

The Zooe website is modern-looking and responsive, making it easy to navigate quickly. However, there is no dedicated menu for account types where traders can compare accounts, and there is also only one live account and one free demo account. There is no information provided about deposits and withdrawals directly, which is also a downside. These cons make the website look not very unprofessional. Since the broker is relatively young, this is something that can be improved for sure. The live chat plugin is built directly into the website, assisting right away, which is flexible.

Overall, the broker has a satisfactory website, and while it could be improved for sure, it still provides all necessary information to users, together with a live chat.

Zooe Safety

Zooe Global Ltd is overseen by the Financial Services Commission (BVI FSC) in the British Virgin Islands. As a regulated broker, Zooe keeps trader funds in segregated bank accounts. This is a crucial safety policy and ensures the broker’s operational funds are kept in separate accounts from client money.

Zooe also provides traders a negative balance protection policy, preventing them from losing more than their initial investment, meaning traders can not go into the minus. This is crucial as well, as many beginners can easily abuse the 1:1000 leverage, and excessive leverage often leads to excessive losses.

Zooe Accounts Reviewed

Zooe is a regulated broker that falls short when it comes to trading account diversity. There is only one live account type, which is a standard trading account, and a free demo account is also offered. The standard trading account offers the following features:

• Minimum deposit – 100 USD
• Maximum leverage – 1:1000
• Spreads from – 0.8 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

These specs are truly competitive, as a 0.8 spread is very cheap. There are no commissions charged, which enables swing traders and trend traders to speculate on their preferred assets at low cost. The Zooe demo account has similar conditions to those of a standard account, enabling traders to check trading conditions and develop and test strategies.

Deposit and withdrawal options at Zooe

Deposits and withdrawals at Zooe can be made via plenty of payment options such as wire transfers, bank cards, web wallets, and cryptocurrencies. From bank cards, traders can use Visa and MasterCard, both credit and debit cards. From web wallets, traders can transact via Neteller and Skrill, and cryptos include Thether, which is a very popular stablecoin. While the minimum deposit is 100 USD, traders can withdraw from 15 USD. Deposits are mostly instant, while withdrawals are claimed to be processed within 24 hours. The broker does not charge fees for either deposits or withdrawals, which is flexible.

Zooe Assets — What can you trade?

Zoo financial market access is competitive as the broker offers traders to speculate on Forex pairs, commodities, indices, and stocks. Shares are CFDs, and most other assets are CFDs as well. The lack of crypto parts is a serious drawback, especially when the broker accepts cry[pto payments for deposits and withdrawals. The leverage is really high at 1:1000, and spreads are competitive from 0.8 pips on major pairs.

Trading platforms of Zooe

When it comes to trading platform software, the broker falls short. There are no advanced trading platforms offered. Instead, the broker offers its proprietary trading platform, Zooe App, which is a mobile trading app. There is no proper desktop trading platform offered, which is a serious drawback for the broker. Mobile trading is available on both iOS and Android popular mobile platforms. The lack of MT4 or any other advanced software prevents traders from using custom indicators and automated trading systems, which greatly limits their capabilities.

Education at Zooe

The broker offers a learning center and trading courses on its website, which is freely available for everyone to use. There is no video content or webinars available, which is a downside, but learning materials are still decent and useful. As for the market tools, the broker offers many different tools, such as an economic calendar. There are also copy trading services, forecasts, and sentiment analysis provided. Traders can use these tools to amplify their trading accuracy, which is useful in online financial trading.

Zooe Customer Support

Customer support at Zooe is satisfactory as the broker offers live chat and email support options. There is no phone support available, which is a drawback. However, the broker offers its address transparently, and the lack of phone support is not a serious security issue in this case. The website is multilingual, and so is support, available in plenty of different languages.

Zooe bonuses and promotions

Currently, the broker offers two promotional events. One is an invite friend feature that offers cash prizes, and the other is a lucky wheel spin, enabling traders to win prizes. While these promotional events are attractive, the lack of bonuses such as a welcome bonus and a deposit bonus is surely a drawback for this broker and traders who want to amplify their trading power.

Is Zooe your broker? Final verdict

Zooe is a relatively young BVI-regulated broker, offering competitive conditions like 0.8 pips spreads, 1:1000 leverage, and zero-commission trading. Its advantages include negative balance protection, multilingual support, and multiple payment methods. However, the broker lacks platforms like MT4, offers only one live trading account, and does not support crypto trading despite accepting crypto deposits. The website and support are multilingual, which is very flexible.

As a result, Zooe is a beginner-friendly broker, but experienced traders who need lower spreads will miss some features for sure.

FAQs on Zooe Broker

Where is Zooe based?

Zooe is based in the British Virgin Islands and regulated by the BVI Financial Services Commission.

Can you withdraw from Zooe?

Yes, withdrawals are supported via bank cards, wire transfers, wallets, and crypto. The broker promises 24-hour processing and no withdrawal fees.